Bayforest Capital Ltd Makes New Investment in Sensata Technologies Holding N.V. (NYSE:ST)

Key Points

• Bayforest Capital Ltd acquired 16,003 shares of Sensata Technologies, valued at approximately $388,000, in the first quarter, reflecting growing institutional interest in the company.
• Analysts have adjusted price targets for Sensata Technologies, with Wells Fargo raising its target from $30 to $33, indicating a general optimism among major financial institutions.
• Sensata Technologies will pay a quarterly dividend of $0.12 per share on August 27th, with an annualized yield of 1.6%, showcasing its commitment to returning value to shareholders despite recent revenue declines.

Bayforest Capital Ltd acquired a new position in Sensata Technologies Holding N.V. (NYSE:ST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,003 shares of the scientific and technical instruments company's stock, valued at approximately $388,000.

Other hedge funds have also recently bought and sold shares of the company. Treasurer of the State of North Carolina increased its stake in shares of Sensata Technologies by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 65,706 shares of the scientific and technical instruments company's stock worth $1,800,000 after acquiring an additional 420 shares during the last quarter. Alps Advisors Inc. grew its stake in Sensata Technologies by 1.8% in the first quarter. Alps Advisors Inc. now owns 31,389 shares of the scientific and technical instruments company's stock valued at $762,000 after purchasing an additional 566 shares in the last quarter. Cullen Capital Management LLC increased its position in Sensata Technologies by 1.9% in the 4th quarter. Cullen Capital Management LLC now owns 31,111 shares of the scientific and technical instruments company's stock worth $852,000 after purchasing an additional 590 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of Sensata Technologies by 6.1% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 13,724 shares of the scientific and technical instruments company's stock worth $333,000 after purchasing an additional 790 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Sensata Technologies by 29.4% during the 1st quarter. Assetmark Inc. now owns 3,543 shares of the scientific and technical instruments company's stock valued at $86,000 after buying an additional 806 shares during the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

Sensata Technologies Stock Performance

Sensata Technologies stock traded down $0.82 on Friday, reaching $29.94. 2,416,005 shares of the stock were exchanged, compared to its average volume of 1,661,979. The company has a current ratio of 2.71, a quick ratio of 1.81 and a debt-to-equity ratio of 1.11. Sensata Technologies Holding N.V. has a twelve month low of $17.32 and a twelve month high of $39.04. The firm has a fifty day moving average price of $29.64 and a two-hundred day moving average price of $26.86. The stock has a market cap of $4.36 billion, a PE ratio of 39.92, a PEG ratio of 1.22 and a beta of 1.14.

Sensata Technologies (NYSE:ST - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.03. Sensata Technologies had a return on equity of 16.88% and a net margin of 2.97%. The business had revenue of $943.38 million during the quarter, compared to analysts' expectations of $928.25 million. During the same quarter in the previous year, the firm earned $0.93 EPS. The firm's revenue was down 8.9% compared to the same quarter last year. Sell-side analysts anticipate that Sensata Technologies Holding N.V. will post 3.21 EPS for the current year.

Sensata Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. Sensata Technologies's dividend payout ratio (DPR) is presently 59.26%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore ISI increased their price objective on Sensata Technologies from $27.00 to $30.00 and gave the stock an "in-line" rating in a report on Wednesday. Truist Financial increased their price target on shares of Sensata Technologies from $27.00 to $35.00 and gave the stock a "hold" rating in a research note on Wednesday. UBS Group lifted their price objective on shares of Sensata Technologies from $41.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday. Robert W. Baird decreased their price objective on shares of Sensata Technologies from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Bank of America raised their target price on Sensata Technologies from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $34.64.

Insider Activity

In related news, Director Andrew C. Teich bought 9,925 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $25.19 per share, for a total transaction of $250,010.75. Following the purchase, the director directly owned 41,117 shares in the company, valued at $1,035,737.23. This trade represents a 31.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.89% of the company's stock.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.